Overseas Cypriots underlined here Saturday the need for a stronger enlightenment campaign on the Cyprus issue. Overseas Cypriots, who held in Nicosia the 22nd Conference of the Central Council of the World Federation for Overseas Cypriots (POMAK) and the International Coordinating Committee Justice for Cyprus (PSEKA), and the 4th Conference of the World Organisation for
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One of the two boats that arrived Saturday afternoon in Gaza, breaking the Israeli blockade, will attempt to return to Cyprus on Tuesday carrying ten Palestinians students. Two boats carrying 46 peace activists arrived without incident in the Gaza Strip from Cyprus on 23 August, despite warnings from the Israelis. Thousands of Palestinians were on
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European shares fell in early trade on Monday, giving up some of their gains from the previous session, as volumes were hit by a UK stock market holiday while energy stocks declined. At 0717 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,172.09 points after notching up a 1.8
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Apple expects to sell 3.5 mln iPhones in Russia in the next two years, according to market sources familiar with new deals being struck by Russian carriers. Up to 600,000 iPhones have already flooded into Russia through unauthorized sales but now at least two carriers have signed an official framework agreement with the manufacturer and
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European Central Bank President Jean-Claude Trichet on Saturday defended central bank responses to the financial turmoil that has roiled global markets for the past year and warned the storm is not over. "We still are in a market correction," Trichet said at the Kansas City Federal Reserve Bank's annual monetary policy conference that draws central
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The U.S. dollar rose broadly on Monday, hitting a two-year high against sterling, as a downtrend in oil and gold prices left investors scurrying to buy back the currency, sparking a rebound in Asian stocks. Recent reports showing shrinking or no economic growth in Britain, the euro zone and Japan have boosted the attraction of
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The Cyprus Tourism Organisation (CTO) has announced the opening of a new air connection between Larnaca airport and the Birmingham International Airport by the “Monarch Airlines”, next spring. According to an announcement, issued here today by the CTO, from March 29, the “Monarch Airlines” will begin operating the new connection twice a week, on Wednesday
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Federal Reserve Chairman Ben Bernanke on Friday called the U.S. inflation outlook "highly uncertain," and said central bank policy-makers would do what they must to preserve price stability. At the same time, he called a recent decline in commodity prices and stabilization of the U.S. dollar "encouraging." "If not reversed, these developments, together with a
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Warren Buffett said the economy is still in a recession and unlikely to improve before 2009 but that stocks appear better valued than a year ago. The billionaire investor also said there is a "reasonable chance" shareholders of Fannie Mae and Freddie Mac may be wiped out in any government bailout of the mortgage financiers.
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European shares extended gains to hit their day's highs in afternoon trade on Friday as financial stocks rose further and Wall Street notched up early advances. At 1352 GMT, the FTSEurofirst 300 index of top European stocks was up 1.6 percent at 1,172.84 points, having just hit the day's high of 1,173.16 points. Banks were
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